PATRONUM: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PATRONUM
Largest movements
- Cash +€44,055
up €44,055 (+107%), from €41,243 to €85,298
mainly Net result for the year (+€41,191) and Tax, wage and social debts (+€12,477)
- Receivables after one year +€20,040
new in 2025: €20,040
- Receivables within one year -€7,603
down €7,603 (-11.4%), from €66,964 to €59,361
of which Trade receivables: -€12,563
- Deferred charges and accrued income +€2,842
up €2,842 (+151%), from €1,881 to €4,723
- Intangible fixed assets +€1,886
new in 2025: €1,886
- Reserves +€41,191
up €41,191 (+60.0%), from €68,703 to €109,895
- Tax, wage and social debts +€12,477
up €12,477 (+31.5%), from €39,580 to €52,056
- Trade debts +€4,053
up €4,053 (+55.1%), from €7,350 to €11,403
- Gross operating margin -€30,178
down €30,178 (-32.8%), from €91,915 to €61,737
- Taxes -€6,968
down €6,968 (-36.6%), from €19,017 to €12,049
- Financial charges +€2,582
up €2,582 (+204%), from €1,264 to €3,846
of which Financial charges: +€1,308
- Depreciation +€2,039
up €2,039 (+109%), from €1,874 to €3,913
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €121,799 | €181,194 | +€59,395 | +48.8% |
| Formation expenses | 20 | €1,287 | €962 | -€325 | -25.3% |
| Fixed assets | 21/28 | €10,424 | €10,810 | +€386 | +3.7% |
| Intangible fixed assets | 21 | - | €1,886 | +€1,886 | |
| Tangible fixed assets | 22/27 | €10,424 | €8,924 | -€1,500 | -14.4% |
| Plant, machinery and equipment | 23 | €830 | €656 | -€175 | -21.1% |
| Furniture and vehicles | 24 | €6,071 | €5,600 | -€471 | -7.8% |
| Other tangible fixed assets | 26 | €3,523 | €2,668 | -€855 | -24.3% |
| Current assets | 29/58 | €110,088 | €169,422 | +€59,334 | +53.9% |
| Amounts receivable after more than one year | 29 | - | €20,040 | +€20,040 | |
| Trade receivables | 290 | - | €20,040 | +€20,040 | |
| Amounts receivable within one year | 40/41 | €66,964 | €59,361 | -€7,603 | -11.4% |
| Trade receivables | 40 | €66,964 | €54,401 | -€12,563 | -18.8% |
| Other amounts receivable | 41 | - | €4,960 | +€4,960 | |
| Cash at bank and in hand | 54/58 | €41,243 | €85,298 | +€44,055 | +107% |
| Deferred charges and accrued income | 490/1 | €1,881 | €4,723 | +€2,842 | +151% |
| Total equity and liabilities | 10/49 | €121,799 | €181,194 | +€59,395 | +48.8% |
| Equity | 10/15 | €74,703 | €115,895 | +€41,191 | +55.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €68,703 | €109,895 | +€41,191 | +60.0% |
| Distributable reserves | 133 | €68,703 | €109,895 | +€41,191 | +60.0% |
| Amounts payable | 17/49 | €47,096 | €65,300 | +€18,204 | +38.7% |
| Amounts payable within one year | 42/48 | €47,096 | €65,300 | +€18,204 | +38.7% |
| Trade debts | 44 | €7,350 | €11,403 | +€4,053 | +55.1% |
| Suppliers | 440/4 | €7,350 | €11,403 | +€4,053 | +55.1% |
| Taxes, remuneration and social security | 45 | €39,580 | €52,056 | +€12,477 | +31.5% |
| Taxes | 450/3 | €39,580 | €52,056 | +€12,477 | +31.5% |
| Other amounts payable | 47/48 | €166 | €1,840 | +€1,674 | +1,010% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,874 | €3,913 | +€2,039 | +109% |
| Other operating charges | 640/8 | €1,107 | €860 | -€247 | -22.3% |
| Gross operating margin | 9900 | €91,915 | €61,737 | -€30,178 | -32.8% |
| Operating profit (loss) | 9901 | €88,934 | €56,965 | -€31,969 | -35.9% |
| Financial income | 75/76B | €135 | €122 | -€13 | -9.5% |
| Recurring financial income | 75 | €135 | €122 | -€13 | -9.5% |
| Financial charges | 65/66B | €1,264 | €3,846 | +€2,582 | +204% |
| Recurring financial charges | 65 | €1,264 | €2,572 | +€1,308 | +103% |
| Non-recurring financial charges | 66B | - | €1,274 | +€1,274 | |
| Profit (loss) for the period before taxes | 9903 | €87,805 | €53,240 | -€34,564 | -39.4% |
| Income taxes | 67/77 | €19,017 | €12,049 | -€6,968 | -36.6% |
| Profit (loss) for the period | 9904 | €68,787 | €41,191 | -€27,596 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €68,787 | €41,191 | -€27,596 | -40.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.